Objectives and competences

In this course students enhance their basic accounting knowledge with the knowledge of major types and characteristics of accounting information for business decision-making and aquire the ability to create and use such information in certain types of business decisions. Study unit additionally contributes to the development of the following general and specific competencies: - mastering of methods and procedures for the preparation of adequate accounting information, - ability to recognise interdependencies and relationships in business processes and their impact on accounting information, - ability of fitting accounting information in the contexts of business decision-making, - development of skills to use knowledge in business contexts, - ability to acquire, select and evaluate new information and capacity for adequate interpretation in business contexts.

Content (Syllabus outline)

1. Introduction to the meaning of accounting information for decision-making and their major types. 2. Basic quality characteristics of accounting information for decision-making. 3. Types of business decisions and determinants of which accounting information are needed. 4. Importance of cost information for decision-making. 5. Importance of sensitivity analysis for decision-making. 6. Assessment of cost variability and Cost-Volume-Profit Analysis. 7. Accounting information for sales, production and purchasing decisions. 8. Accounting information for personell decisions. 9. Accounting information for working capital decisions. 10. Accounting information for investment decisions. 11. Accounting information for planning and control.

Learning and teaching methods

Lectures, discussions, case analysis, exercises and individual studying.

Intended learning outcomes - knowledge and understanding

Development of knowledge and understanding: Students: o understand usefulness and importance of accounting information for decision making, o are familiar with main types of accounting information for decision-making and their basic quality caracteristics, o are familiar with basic principles and methods of how to prepare and use accounting information, that is relevant for business decision-making, o can recognize economic consequences of business decisions, o develop skills to prepare and use relevant accounting information for certain types of business decisions. Cognitive/Intellectual skills: Students: • further develop their capacity for causal thinking (recognition of causal relationships), • further develop their capacity for analythical thinking, • are able to evaluate the significance of available business decision data and select appropriate techniques for making an optimal decision, • can identify key aspects of a problem from different view points, • develop systematic approach to problems and challenges.

Intended learning outcomes - transferable/key skills and other attributes

Key/Transferable skills: Students: • further develop their capacity for causal thinking (recognition of causal relationships), • further develop their capacity for analythical thinking, • further develop skills and expertise in the use of knowledge on their specific working area, • upgrade the ability to become an autonomous learner. • can select and manage information with minimal guidelines, • develop systematic approach to problems and challenges. Practical skills: Students acquire practical knowledge of how to prepare and use accounting information for decision making.

Readings

Obvezna študijska literature (Compulsory textbooks): 1. KOROŠEC, Bojana, HORVAT, Robert. Računovodske informacije za odločanje : (študijsko gradivo). Maribor: Ekonomsko-poslovna fakulteta, 2021. III, 104 str., ilustr. [COBISS.SI-ID 75012099] 2. KOROŠEC, Bojana, HORVAT, Robert, VUKOVIČ, Danijel. Računovodske informacije za odločanje : (gradivo za vaje). Maribor: Ekonomsko-poslovna fakulteta, 2021. 41 str., ilustr. [COBISS.SI-ID 97010435] Dodatna študijska literatura (Additonal textbooks): 1. JERMAN, Saša, HORVAT, Robert, KOROŠEC, Bojana. Pravila skrbnega računovodenja 3 (2016) : stroški po vrstah, mestih in nosilcih. V: Slovenski računovodski standardi 2016. Ljubljana: Slovenski inštitut za revizijo, 2016, str. 280-290. [COBISS.SI-ID 12400412] 2. KOROŠEC, Bojana, HORVAT, Robert, MÖREC, Barbara. Pravila skrbnega računovodenja 5 (2016) : Računovodsko predračunavanje in računovodski predračuni. V: Slovenski računovodski standardi 2016. Ljubljana: Slovenski inštitut za revizijo, 2016, str. 297-303. [COBISS.SI-ID 22995174]

Prerequisits